Correspondent Lending

Infographic: Beyond the Rate Debate: Notable Mortgage Industry Trends

Although there is much speculation about how much interest rates will rise and what the impact will be on the mortgage industry, one thing remains clear: Owning a home is still significantly cheaper than renting. What’s more, millennials are demonstrating that they are not delaying their home buying dreams, as they currently represent roughly one-third of first-time homebuyers. More than half of today’s buyers are relying on conventional loans, while other are exploring other loan types such as FHAs and VAs. Also notable: the falling popularity of adjustable-rate mortgage (ARM) options. 

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